Premium Brands (TSE:PBH) Sets New 52-Week Low – Time to Sell?

Shares of Premium Brands Holdings Co. (TSE:PBH) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$78.00 and last traded at C$78.29, with a volume of 10621 shares. The stock had previously closed at C$78.75.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Desjardins dropped their price target on Premium Brands from C$120.00 to C$110.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Ventum decreased their price target on shares of Premium Brands from C$128.00 to C$127.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Stifel Nicolaus decreased their target price on Premium Brands from C$117.00 to C$105.00 and set a “buy” rating for the company in a report on Friday, August 7th. BMO Capital Markets decreased their target price on Premium Brands from C$118.00 to C$111.00 in a research report on Friday, August 7th. Finally, Canaccord Genuity Group lowered their price target on shares of Premium Brands from C$123.00 to C$117.00 in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Premium Brands currently has an average rating of “Buy” and a consensus target price of C$116.25.

Premium Brands Trading Down 0.2%

The firm has a market cap of C$4.09 billion, a P/E ratio of 47.92, a P/E/G ratio of 1.10 and a beta of 0.77. The company has a debt-to-equity ratio of 153.93, a quick ratio of 1.16 and a current ratio of 1.36. The firm has a fifty day moving average of C$85.44 and a 200-day moving average of C$88.12.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. The business had revenue of C$2.38 billion for the quarter. Equities research analysts forecast that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current year.

About Premium Brands

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.